DealerTrack Introduces New Mobile Application to Help Dealers Manage Auto Financing in Real Time

LAKE SUCCESS, N.Y., Feb. 3, 2012 /PRNewswire/ -- DealerTrack (Nasdaq: TRAK) today launched DealerTrack Mobile, a new mobile application that enables dealers to securely manage and monitor finance and consumer credit application activities in real-time from their mobile device.

(Logo: http://photos.prnewswire.com/prnh/20101028/DEALERTRACKLOGO)

DealerTrack Mobile, which will be available for iPhones and iPads, will give dealers unprecedented and secure access to their indirect auto lending deals worked through the DealerTrack credit application network. From this new mobile app, dealers can check the status of credit applications and contracts, including contracts-in-transit and funded agreements. In addition, credit bureau scores, Red Flags and the U.S. Treasury's OFAC (Office of Foreign Assets Control) compliance checks, and group level activity can be viewed using the new DealerTrack Mobile app.

"From the showroom and the F&I office to the general manager's office and service department, we feel mobile technology is going to be an integral part of a dealer's workflow, helping drive efficiency and improve the overall automotive retail experience. DealerTrack is at the forefront of preparing dealers to meet this technology evolution," said Raj Sundaram, senior vice president, DealerTrack. "With this latest mobile app from DealerTrack, dealers will be able to make more informed decisions and better manage their businesses. DealerTrack Mobile will help dealers easily incorporate mobile innovation into their operations, while creating the technology standard for the dealerships of tomorrow."

According to Sundaram, "This new functionality from DealerTrack joins a growing list of mobile tools and apps that will help dealers make smarter business decisions. For example, our award-winning DealerTrack eCarList TrueTarget app, which is a complete mobile merchandising, appraisal and vehicle pricing tool, has been embraced by cutting-edge dealers looking to leverage mobile technologies and innovations, both inside and outside the dealership."

For additional information about the new DealerTrack Mobile app or to see screenshots of the app, please visit www.dealertrack.com/mobile.

Individuals can also download the new DealerTrack Mobile app directly from the Apple iTunes App Store (search "DealerTrack"), or visit the DealerTrack booth (#1751) at the 2012 NADA Convention and Expo in Las Vegas, February 4th – 6th, to download and demo the app. Android and Blackberry versions of DealerTrack Mobile are expected to be available later this year.

In addition, to help educate dealers on the power of mobile technology in their dealerships, Len Critcher, chief product officer, DealerTrack eCarList, will be hosting a number of NADA University Workshops during the convention. The workshops, "Eight Ways Mobile Can Improve Your Bottom Line," will take place on Friday, February 3rd, and Monday, February 6th.  For additional workshop details, please visit www.nadaconventionandexpo.org.

About DealerTrack (www.dealertrack.com)

DealerTrack's intuitive and high-value software solutions and services enhance efficiency and profitability for all major segments of the retail automotive industry, including dealers, lenders, OEMs, agents and aftermarket providers.  DealerTrack, whose solution set for dealers is the industry's most comprehensive, operates the largest online credit application network in the United States, connecting over 17,000 dealers with more than 1,100 lenders.  DealerTrack's Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access to enhance their efficiency.  DealerTrack's Inventory offerings provide vehicle inventory management and merchandising solutions to help dealers drive higher in-store and online traffic with state-of-the-art, real-time listings - designed to accelerate used-vehicle turn rates and increase dealer profits. DealerTrack's Sales and F&I solutions allow dealers to streamline the entire sales process as they structure deals from a single integrated platform.  Its Compliance offering helps dealers meet legal and regulatory requirements, and protect their assets. DealerTrack also offers additional solutions for the automotive industry, including electronic motor vehicle registration and titling applications, paper title storage, and digital document services. For more information visit: www.dealertrack.com.

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding the benefits of DealerTrack Mobile, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

Factors that might cause such a difference include the adoption by dealers of DealerTrack Mobile, the integration of DealerTrack Mobile with DealerTrack's existing systems and other risks listed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ending December 31, 2010. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and DealerTrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances. 

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SOURCE DealerTrack